The acquisition of the seven new properties enhances
the REIT’s geographical and tenant base diversification
within Japan as it makes its foray in Aichi Prefecture
and deepens its presence in the Hokkaido, Fukuoka and
Kanagawa Prefecture. In addition, PLife REIT established
partnerships with three new operators; Kabushiki Kaisha
Kokanomori, Kabushiki Kaisha Living Platform and
Kabushiki Kaisha Care Products.
Palmary Inn Akashi
Bon Sejour Shin Yamashita
2014 at a good price. Its maiden divestment registered a
healthy divestment gain (after tax) of S$9.11 million which
was distributed equally over the four quarters of FY2015.
This divestment also resonated well with the REIT’s
asset recycling strategy to rebalance and strengthen the
overall quality and growth potential of its portfolio.
Capitalising on its strong market presence in Japan and
strategic partnerships, PLife REIT was able to timely
re-deploy the freed up capital from the divestment to
seize incremental new acquisitions despite the growing
competition. Following its acquisition of Habitation Jyosui
and Ocean View Shonan Arasaki in December 2014 and
January 2015 respectively, PLife REIT further acquired
five assets in March 2015 including its first group home
as it continues to fortify its portfolio:
• Habitation Hakata I, II, III
• Excellent Tenpaku Garden Hills
• Liverari Shiroshi Hana Ichigo-kan
• Liverari Shiroshi Hana Nigo-kan
• Liverari Misono
Corporate
Development
Bon Sejour Ibaraki
ParkwayLife REIT
Annual Report 2015
8
